Dudley well on the way to disproving doubters

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A year ago, unveiling BP’s third-quarter results, Bob Dudley set out a
ten-point plan for the company and claimed that it had reached “a definite
turning point”. With the shares closing lower last night than they did then,
despite yesterday’s 4 per cent gain, it is clear that few investors believed
him.

They just might start to now. Dividend increases speak louder than words and
yesterday’s 12.5 per cent increase in the payout, better than expected,
shouts volumes for the chief executive’s confidence that BP genuinely is on
the road to recovery.